• GBP/ AUD steadied on Monday as investors looked ahead to Tuesday's UK wage and employment figures.
• Focus will be on the pace of average earnings growth. It is expected to have remained high at 6.2%, excluding bonuses, in the three months to the end of January, unchanged from December.
• At GMT 17:17, the pair was trading up 0.01 percent at 1.9386 after hitting 1.9447(Daily high).
• Technical signals show the pair could gain more ground in the short-term as RSI is bullish at 52,while moving averages are trending higher.
• Immediate resistance is located at 1.9473(23.6%fib), any close above will push the pair towards 1.9525 (Higher BB).
• Immediate support is seen at 1.9304(50%fib) and break below could take the pair towards 1.9198 (Lower BB).
Recommendation: Good to buy around 1.9370, with stop loss of 1.9260 and target price of 1.9430
